NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has assigned an issuer and senior
unsecured debt rating of BBB- with a stable outlook to Medley
Capital Corporation (NYSE:MCC) (“Medley Capital”
or “the Company”), a Business Development Company (BDC)
headquartered in New York, NY. Medley Capital Corporation is a publicly
registered and traded BDC that commenced operations in January 2011.

The assigned BBB- rating of Medley Capital Corporation reflects the
company’s significant position in senior secured assets, well
diversified portfolio, low exposure to equity investments, excellent
asset quality performance to date, strong interest coverage, and
diversified funding profile. These strengths are counterbalanced by
MCC’s relatively short track record as a new BDC and its comparatively
high leverage metrics.

KBRA is registered with the U.S. Securities and Exchange Commission as a
Nationally Recognized Statistical Rating Organization (NRSRO). In
addition, KBRA is recognized by the National Association of Insurance
Commissioners (NAIC) as a Credit Rating Provider (CRP).